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October 2016 Folsom Newsletter

Folsom Real Estate e-Newsletter
exclusively for Folsom Residents
 
 IN THIS ISSUE October 2016
 
Market Update
    Trendgraphix
    Neighborhood News
    Miscellaneous
    Folsom Real Estate

Brought to you by:


June Balazs, Realtor®
McKiernan Realty

E-Mail Me
Visit My Website

916-628-1500
49 Natoma Street, Ste. A
Folsom, CA 95630


American FlagHappy Halloween!                                                                                                                                              

Welcome to the last quarter of 2016!  What is in store for the real estate market during this last quarter?  I believe it will remain stable and reflect the usual slower activity for this time of year.  The Fed will most likely raise the interest rate in December but not drastically.  Rates remain historically low.

Below is some positive news for 2017.

The National Association of Realtors,  the Mortgage Bankers' Association,  Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017.  Here is a chart showing what each entity is projecting in sales for this year and the next.

 


Please take a few
minutes to check out all of the information that is available to you in this newsletter. 
Do enter the drawing below!  I feature a business of the month so if you or someone you know has a business in Folsom I will be happy to add it on a rotating basis. 


For more real estate articles click on the National Real Estate Update button at the top of the page. 

Feel free to contact me with suggestions or if you have any questions.

Sincerely,

June Balazs


Representing clients with integrity since 1988

Sacramento, Placer and El Dorado Counties

Service Above & Beyond

Your Referrals are Always Appreciated

 


 Market Update  

Below is the latest Trendgraphix information for single family homes in Folsom.  The average sold price is holding steady at $500,000 while for sale, pended and sold are down slightly.  Inventory and days on the market are up.  This seems to be typical for this time of year.  

Interest rates remain below 3.5%.  Currently the 30 year fixed rate is at about 3.42% and the 15 year fixed rate is about 2.72%.

Do you have any questions?  Call me.

Trendgraphix


Single Family Homes in Folsom - Current Month vs Previous Month

The current average sold price is $500.000,
down 0.2%

The average price per square foot is $229.00, down 3.4%
Inventory is at 1.7 months, up 13.5%
Average days on the market is 37 days, up 37.0%
For Sale: 146, down 6.4%
Pended sales: 83, down 8.8%
Sold: 86, down 18.1%
                                                                                                                                                                                                             


 
 


 Neighborhood News  


 Monthly Drawing 


Please enter below for a chance to win:

$10.00 Trader Joe's Gift Card!



Click Here to enter the drawing!

Please include your name, address and phone number. 
You must live in Folsom to be entered to win.
 
Last day to enter the drawing:  October 31


Last Drawing Winner is  Jean Albillar


He won a Bed Bath & Beyond Gift Card



Featured Business of the Month







 Folsom Real Estate  

Listed For Sale:

Click Here to view a list of Homes FOR SALE in Folsom
Updated 10/02/2016

Pending Listings:

Click Here to view a list of Homes PENDING in Folsom
Updated 10/02/2016

Recently Sold:

Click Here to view a list of recently SOLD Homes in Folsom
Updated 10/02/2016